This case has been cited 1 times or more.
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2013-12-11 |
BRION, J. |
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| In the present case, the respondents filed a surety bond issued by Security Pacific Assurance Corporation (Security Pacific) on June 28, 2002. At that time, Security Pacific was still an accredited bonding company. However, the NLRC revoked its accreditation on February 16, 2003.[24] Nonetheless, this subsequent revocation should not prejudice the respondents who relied on its then subsisting accreditation in good faith. In Del Rosario v. Philippine Journalists, Inc.,[25] we ruled that a bonding company's revocation of authority is prospective in application. | |||||